BNY Mellon’s Pershing to acquire Optimal Asset Management
The acquisition will form part of Pershing’s recently launched business unit Pershing X that is said to design and build innovative solutions for the advisory industry.
Tag: BNY Mellon Pershing
Mandatory buy-in regime could be delayed by up to 2-3 years, but prepare just in case, says industry expert
The buy-side are being urged to prepare for the introduction of the mandatory buy-in regime, despite there being potential for a two-to-three-year delay in the controversial aspect of a new regulation.
Former Goldman Sachs global markets executive appointed for Pershing operations role
Head of change for global markets at Goldman Sachs joins BNY Mellon’s Pershing as chief operating officer.
Equities
Unpicking the research unbundling conundrum
Over one year since the separation of payments for execution and research was introduced via MiFID II in Europe, Hayley McDowell examines the unintended consequences of unbundling for buy- and sell-side institutions and finds an industry still coming to terms with the change.